[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR2570.48]

[Page 539-540]
 
                             TITLE 29--LABOR
 
CHAPTER XXV--PENSION AND WELFARE BENEFITS ADMINISTRATION, DEPARTMENT OF 
                                  LABOR
 
PART 2570--PROCEDURAL REGULATIONS UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT--Table of Contents
 
 Subpart B--Procedures for Filing and Processing Prohibited Transaction 
                         Exemption Applications
 
Sec. 2570.48  Decision to grant exemptions.

    (a) If, after considering all the facts and representations 
submitted by an applicant in support of an exemption application, all 
the comments received in response to a notice of proposed exemption, and 
the record of any hearing held in connection with the proposed 
exemption, the Department determines that the exemption should be 
granted, it will publish a notice in the Federal Register granting the 
exemption.
    (b) A Federal Register notice granting an exemption will summarize 
the transaction or transactions for

[[Page 540]]

which exemptive relief has been granted and will specify the conditions 
under which such exemptive relief is available.